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What Should Energy Traders Look for This Week?


Dec. 4 2020, Updated 10:53 a.m. ET

Important events on the energy calendar 

Let’s take a look at some important events for the energy sector this week:

Tuesday, September 27:

  • API’s (American Petroleum Institute) Crude Oil Inventory report

Wednesday, September 28:

  • The EIA’s Weekly Petroleum Status report—for information on the last report, read US Crude Oil Inventories Hit a 7-Month Low
  • EIA’s This Week in Petroleum report

Thursday, September 29:

  • EIA’s Weekly Natural Gas Storage report—read US Natural Gas Inventories Drive Natural Gas Prices for information about the last report
  • EIA’s Natural Gas Weekly Update

Friday, September 30:

  • Baker Hughes’s US crude oil rig count—see Part 8 in this series for more information
  • Baker Hughes’s US natural gas rig count—read Does US Natural Gas Production Depend on Natural Gas Rigs? for information about the last report
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Impact on crude oil prices, stocks, and ETFs  

All of these events influence crude oil and natural gas prices. The ups and downs in crude oil prices impact oil and gas producers’ earnings such as Northern Oil & Gas (NOG), Swift Energy (SFY), and Triangle Petroleum (TPLM).

These factors also impact funds such as the iShares Global Energy (IXC), the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), the iShares U.S. Energy ETF (IYE), the United States Oil ETF (USO), the Energy Select Sector SPDR (XLE), and the iShares US Oil Equipment & Services ETF (IEZ).

In the next part, we’ll take a look at the crude oil market’s highs and lows in 2016. Let’s start with US crude oil prices during early morning trade on September 27, 2016.


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